The company said it’s entering an “exciting new chapter of expansion” after a record year of growth.
AUSTIN, Texas — Austin jewelry mogul Kendra Scott is back in charge of her billion-dollar company after the departures of its CEO, CFO and CPO.
According to KVUE’s media partners at the Austin American-Statesman, Scott will serve as interim CEO after growing her majority stake in the company.
“As part of this transition, CEO Tom Nolan, CFO Jason Friesen, and CPO Danielle Stewart have departed the company,” the company said in a statement provided to the Statesman. “We are grateful for the leadership, expertise and vision they brought to Kendra Scott.”
Scott stepped aside from her role as CEO in 2021 as Nolan assumed that position. Scott remained in her role as executive chairwoman and the company’s majority owner.
“It’s nice to leave when it’s on a high instead of struggling,” Nolan told the Statesman.
Nolan is reportedly actively involved in the leadership transition.
Neal Bronzo – who recently served as a senior vice president for food and facilities company Aramark – will take over as interim chief financial officer, while Beth Ley – a former member of the leadership team at Kendra Scott – will return as chief people officer on Sept. 1.
Scott founded the Austin-based jewelry company in 2002 with $500. Today, Forbes has estimated her personal net worth at $900 million.
The company said it’s entering an “exciting new chapter of expansion” after a record year of growth.
The jeweler’s designs sell at Target, Nordstrom and more than 130 Kendra Scott stores nationwide.
The company is headquartered off North Lamar Boulevard and employs more than 2,600 people.